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Are you a small business owner struggling to keep track of your employee payroll? With so many tasks to manage as a small business owner, it can be difficult to manually handle payroll calculations and tax deductions accurately. Fortunately, there are several reliable payroll software options available on the market that cater specifically to small businesses.
In this article, we’ll dive into the top picks for the best payroll software for small businesses. Whether you’re looking for an affordable option, easy-to-use interface, or comprehensive features, we have you covered. Let’s get started!
The Importance of Payroll Software for Small Businesses
As a small business owner, you wear many hats and have several responsibilities to maintain. One of the most critical tasks is handling employee payroll accurately, efficiently, and on time. Failure to do so can lead to serious consequences, including legal penalties, unhappy employees, and financial loss.
In the past, small business owners would calculate payroll manually or outsource the task to accountants. While these options are still available, payroll software offers a streamlined and cost-effective solution that saves time and ensures accuracy. With payroll software, you can automate your entire payroll process, including tax deductions, employee benefits, and paid time-off calculations.
Additionally, many payroll software options integrate with accounting and HR systems, allowing you to view and manage all employee data in one place. This feature provides greater transparency and eliminates the need for manual data entry or duplicate records.
The Top Picks for Best Payroll Software for Small Businesses
Now that we’ve covered the importance of payroll software for small businesses, let’s dive into the top picks for 2021. We’ve compiled a list of software options that offer excellent features, affordability, and ease of use.
Software |
Features |
Price |
|---|---|---|
Gusto |
Integrates with other HR, accounting, and benefits software |
$39/month base fee + $6/month per employee |
QuickBooks Payroll |
Integrates with Quickbooks accounting software, automatic tax filing |
$45/month + $4/employee per month |
Patriot Payroll |
Unlimited payroll runs, employee portal, and mobile app access |
$10/month base fee + $4/month per employee |
OnPay |
Automatic tax filing and payment, HR support center, and employee self-service |
$36/month base fee + $4/month per employee |
Rippling |
Payroll, HR, benefits, and IT management all in one software |
Custom pricing based on company size |
Gusto: The All-In-One HR Solution
Gusto is a popular choice for small businesses because of its user-friendly interface and comprehensive features. It offers a wide range of HR solutions, including payroll, benefits administration, time tracking, and employee onboarding. Gusto also integrates with other HR, accounting, and benefits software, making it easy to manage all employee data in one place.
One of the standout features of Gusto is its intuitive interface, making it easy for even non-experts to navigate. Gusto also provides excellent customer support, including personalized onboarding and a comprehensive HR resource center.
QuickBooks Payroll: The Accounting Integration Solution
QuickBooks Payroll is an ideal choice for small businesses already using Quickbooks accounting software. It offers automatic tax filing and payment, automatic time tracking, and employee self-service. QuickBooks Payroll also integrates with Quickbooks accounting software, allowing you to manage all financial and employee data in one place.
QuickBooks Payroll offers a user-friendly interface and excellent customer support, including a comprehensive help center and live chat support.
Patriot Payroll: The Affordable Solution
Patriot Payroll is an affordable payroll software option that provides unlimited payroll runs, employee portal access, and mobile app access. It offers automatic tax calculations and payments, making it easy to manage employee payroll accurately and efficiently.
Patriot Payroll is an ideal choice for small businesses on a budget, offering a user-friendly interface and excellent customer support.
OnPay: The HR Support Solution
OnPay is an all-in-one HR software that offers not only payroll but also HR support center and employee self-service. It provides automatic tax filing and payment, making it easy to manage your taxes and avoid penalties.
OnPay offers excellent customer support, including personalized onboarding and a comprehensive HR resource center.
Rippling: The Comprehensive HR Solution
Rippling is an ideal choice for small businesses looking for a comprehensive HR solution. It offers payroll, HR, benefits, and IT management all in one software. With Rippling, you can manage all employee data in one place, making it easy to stay organized and efficient.
While Rippling is not the most affordable option, it offers excellent features and customer support, including a dedicated support team and personalized onboarding.
FAQs: Frequently Asked Questions about Best Payroll Software Small Business
1. What is payroll software for small business?
Payroll software for small businesses is a software program specifically designed to automate and manage the task of paying employees. It helps business owners comply with tax regulations, manage employee data, and streamline the payroll process.
2. What are the benefits of using payroll software for small businesses?
Payroll software for small businesses offers several benefits, including automation of the payroll process, cost savings, increased accuracy, and time savings. It also eliminates the need for manual data entry and can integrate with other HR and accounting software.
3. How do I choose the right payroll software for my small business?
When choosing payroll software for your small business, consider factors such as affordability, ease of use, features, scalability, and customer support. Look for software that meets your budget and provides the necessary features to manage your payroll efficiently.
4. How much does payroll software for small businesses cost?
The cost of payroll software for small businesses varies depending on factors such as the number of employees, features, and software provider. The average cost ranges from $20 to $60 per month per employee.
5. How do I set up payroll software for my small business?
Setting up payroll software for your small business involves selecting a software provider, creating an account, and entering employee data. Most software providers offer guided setup and support to walk you through the process.
6. How secure is payroll software for small businesses?
Payroll software for small businesses is generally secure and uses encryption and other security measures to protect sensitive employee data. However, it’s essential to choose a reputable software provider and take necessary precautions to protect your data.
7. Can payroll software for small businesses handle tax calculations and payments?
Yes, most payroll software for small businesses can handle tax calculations and payments automatically. This feature ensures accurate tax deductions and eliminates the need for manual tax filing and payment.
8. Can payroll software for small businesses integrate with other HR and accounting software?
Yes, most payroll software for small businesses can integrate with other HR and accounting software, allowing you to manage all employee data in one place.
9. How does payroll software for small businesses differ from payroll services?
Payroll software for small businesses is a software program that automates payroll calculations and tax deductions. Payroll services, on the other hand, are outsourced providers that handle payroll processing and tax filings for your business.
10. Does payroll software for small businesses offer employee self-service?
Yes, most payroll software for small businesses offer employee self-service, allowing employees to view pay stubs, update personal information, and request time off.
11. How can payroll software for small businesses help with compliance?
Payroll software for small businesses can help with compliance by ensuring accurate tax calculations and filings, maintaining up-to-date employee data, and providing audit trails and reports.
12. Can payroll software for small businesses handle multiple pay rates and schedules?
Yes, most payroll software for small businesses can handle multiple pay rates and schedules, making it easy to manage different employee types and pay structures.
13. What happens if I make a mistake with payroll software for small businesses?
If you make a mistake with payroll software for small businesses, most software providers offer support and resources to help you correct the error. Be sure to review and double-check your data before processing payroll to avoid errors.
Final Thoughts: Automate Your Payroll Process with Best Payroll Software Small Business
Managing payroll for your small business can be tedious and overwhelming. However, with the help of payroll software, you can automate the process and ensure accuracy and compliance.
We hope this article has provided you with valuable insight into the top picks for best payroll software for small businesses. Consider your budget, features, and customer support needs when selecting the right software for your business.
Take action today and streamline your payroll process with the top picks for best payroll software small business!
Disclaimer
The information provided in this article is for educational purposes only and is not intended as legal or financial advice. Readers should consult with a professional advisor before making any decisions related to their business.
